Talanx AG : Q1 2019 results show positive earnings momentum
>Solid Q1 2019 results broadly in line with estimates; underlying improvements in primary insurance visible - Talanx’s Q1 2019 results were broadly in line with our estimates and consensus with underlying improvements in primary insurance and L/H reinsurance. Group net income came in at € 235m, slightly ahead of our estimate (€ 231m) and consensus (€ 227m). The annualized ROE stands at 10.3% (up 0.4pp yoy), BVPS at € 37.8, and the SII ratio at YE 2018 stood at 209% vs...Talanx is a financial and management holding company. Co. is internationally active in primary insurance and reinsurance and in both property/casualty and life business. In the more than 100 years of Co.'s history, Co. has evolved from a single-line liability insurer for industry into a global insurance group with a focus on the industrial and retail lines and reinsurance business. Through its subsidiaries, Co. is engaged in five business segments: Life/Health Reinsurance; Non-Life Reinsurance; Retail Germany; Industrial Lines; and Retail International.
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
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